Jan
09
Hong Kong Housing Market Is Starting to Cool, Credit Suisse Says
ByHong Kong’s property boom is quietening down, according to Credit Suisse Group AG.
The brokerage projects home prices in the city will rise 3 percent this year, compared with 13 percent in 2017, as the risk of higher interest rates and increasing housing inventory grows. Faster supply of new units will suppress price growth in the “mid-to-long run,” said analyst Susanna Leung, advising investors favor developers with strong sales in recent years. Credit Suisse’s top picks are CK Asset Holdings Ltd. and New World Development Co…
Hong Kong Housing Market Is Starting to Cool, Credit Suisse Says